Median Earnings (1yr)
$34,925
77th percentile (40th in MN)
Median Debt
$24,000
6% below national median
Debt-to-Earnings
0.69
Manageable
Sample Size
105
Adequate data

Analysis

Minnesota State University-Mankato's psychology program sits in an interesting middle ground: nationally, it performs well (77th percentile), but within Minnesota—where psychology graduates tend to earn more overall—it lands squarely in the middle of the pack at the 40th percentile. Starting at $34,925, graduates earn about $3,000 less than the state median while carrying slightly less debt at $24,000.

The program shows steady progression, with earnings climbing 20% to nearly $42,000 by year four. However, several Minnesota schools deliver stronger immediate returns, with the top five all placing graduates above $38,000 in their first year. That $3,000-$6,000 gap matters when you're managing student loan payments early in your career. The debt-to-earnings ratio of 0.69 is manageable but not exceptional—you're borrowing roughly eight months of first-year salary.

For families prioritizing affordability and access (the 91% admission rate makes this achievable for most students), MSU-Mankato delivers a solid psychology education at a reasonable price. But if your student can gain admission to Saint Benedict, Metropolitan State, or UMN-Duluth, those programs offer meaningfully higher starting salaries that could justify slightly higher costs. The choice here hinges on whether the accessibility and regional reputation justify accepting mid-pack earnings within Minnesota's competitive psychology landscape.

Where Minnesota State University-Mankato Stands

Earnings vs. debt across all psychology bachelors's programs nationally

Minnesota State University-MankatoOther psychology programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Minnesota State University-Mankato graduates compare to all programs nationally

Minnesota State University-Mankato graduates earn $35k, placing them in the 77th percentile of all psychology bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Minnesota

Psychology bachelors's programs at peer institutions in Minnesota (31 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Minnesota State University-Mankato$34,925$41,943$24,0000.69
College of Saint Benedict$41,029$45,302$27,0000.66
Metropolitan State University$40,958$44,425$30,1550.74
Capella University$39,764$43,554$40,8161.03
University of Minnesota-Duluth$38,543$45,061$24,2250.63
University of St Thomas$38,396$51,174$27,0000.70
National Median$31,482—$25,5000.81

Other Psychology Programs in Minnesota

Compare tuition, earnings, and debt across Minnesota schools

SchoolIn-State TuitionEarnings (1yr)Debt
College of Saint Benedict
Saint Joseph
$53,884$41,029$27,000
Metropolitan State University
Saint Paul
$9,780$40,958$30,155
Capella University
Minneapolis
$14,436$39,764$40,816
University of Minnesota-Duluth
Duluth
$14,318$38,543$24,225
University of St Thomas
Saint Paul
$52,284$38,396$27,000

About This Data

Source: U.S. Department of Education College Scorecard (October 2025 release)

Population: Graduates who received federal financial aid (Title IV grants or loans). At Minnesota State University-Mankato, approximately 20% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.

Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.

Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.

Sample Size: Based on 105 graduates with reported earnings and 148 graduates with debt data. Small samples may not be representative.